Centenary United Holdings: Major Share Acquisition and Cash Offer
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Centenary United Holdings Limited announced that MSINT LTD, via Rainbow Capital, acquired 71.12% of its shares for HK$152,650,980. Consequently, MSINT LTD must make a mandatory cash offer for the remaining shares at HK$0.94 each, becoming the controlling shareholder. This acquisition may influence Centenary's market dynamics and stakeholder interests. The latest analyst rating for Centenary's stock (HK:1959) is a Hold with a HK$3.50 price target.
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